Friday, September 28, 2018

Astro : profits dropped 93% ... ridiculous to blame it on world-cup? Gap down yesterday. No longer a monopoly ... with internet available at higher-speed, video streaming becoming more convenience to watch movies etc etc ... fundamental of Astro has changed and taken out of index, this could only go lower. AVOID.

Thursday, September 27, 2018

Morning to FED rate up 25basis point as expected, factored in, I guess ... but DOW still down 100 points.

Liverpool lost 1 -2 at Anfield. Klopps fielded under-strength team ...especially the 5 defence area ... and as usual, leading 1 - 0 and lost (2017 case before VVD and keeper in). See how they fair this weekend, which is more important ...to maintain the lead in EPL table.

KGB : breakout again ... finding these stocks for trading purposes. Breakout 95.5, grabbed and sold at 99cents. See if got follow-thru ... or resting.

Tuesday, September 25, 2018

Went to a training-workshop yesterday ... and few pointers to reflect on as I m going to be full-time trader by next year.

Trading plans ... most traders have this (I said "traders" , not punters or gamblers) and the main issue that we faced is EXECUTION.

For example : we put trailing stops ... or stop-loss level. At times, the hesitation to close of our positions for losses.

Then ... we do put those level to sell for profit ... but then again, we do not have follow-thru.

Example : I grabbed LayHong last Friday, to sell at around 70cents resistance but in the morning itself, I closed my positions with smaller profits (few hundreds difference, ok?) and it went to hit 70cents. I know I need to close my positions as I m moving yesterday, and too busy to monitor. But I could always park it at 68.5 as planned? I also know KLCI will be red ... and that carried RISK of holding to the touch-n-go trades. So ... I took profit at 67-67.5, instead.

It is not what we know ... it is what we do.

DOW minus 180 points ... for whatever reasons. DOW up-down has nothing to do with KLCI much, very weak correlation ... but as newbies coming into market, they are 'bombarded' with DOW UP = KLCI UP .... then, DOW red ... KLCI expected to drift lower etc etc. These un-true myths can be found in IB-reports or messages sent to us. Of coz, forums r another place to find so many un-true noises.

KNM : at low 14cents while crude-oil up up to USD70-80 now.

I came into markets when KNM was very popular back then around RM2 ... they always talk about OIL PRICE UP ... hence KNM will go up. I was naïve and newbie some 10-years ago, no one really pointed out to me those un-true analysis were just noises to 'con' newbies and retailers.

Slowly ... we learn some pointers about trading ... we learn = we know. We know .... that could take about 2-3 yrs just to know TRUTH about trading, which not told in forums or whatever market-talks. There is always hidden 'agenda' behind what we hear, we read or we what THEY want us to know ...

Attending yesterday's training given me some time to reflect on I have went thru ... the whole 10-years of journey. 10 grueling long years where I m learning in DAILY basis. I do not stop a single day!!

I shared an article written by Mr Koon regarding Jaks yesterday. He pointed out the potential 40% profits in investing in Jaks at current RM1.05 as it is way below private-placement prices!! That is mis-leading!! While generally it is true that we could buy 'cheaper' price of the stocks than some 'private' investors ... that doesn't mean the stock prices SHOULD be above the pp-price or above, right? So ... if I m a newbie, I might be believing some myths again here ...

That is market ... many myths ... along the way, I got smarter (after lost so much la) and then more mature to understand how markets work. So ... we done many mistakes, get gained some knowledge and experiences ...

... yet, it is what we do that counts!!

So ... now we know LayHong was oversold and down below 60cents, hit 52cents low. Today, it is going back to 70cents. Those holding to LayHong at 90cents above are still not celebrating, at least their losses narrowed. But it has not reach 90cents plus of their cost price, right? They KNEW they SHOULD cutloss ? Do they know ... if not, WHY are those stuck up there in LayHong above 90cents? It is what you do ... that counts. Do you AVERAGE DOWN? crazy or do not want to lose syndrome?

Same goes to KNM ... why are those holding above RM1 STILL holding to KNM at 14cents? If they are going to average it down, that is mind-boggling craziness? It is fundamentally flawed ... and we NOW know that KNM's price is NOT correlated to OIL-prices, after years of believing such myth, right? What should we do with out holdings in KNM ... those bought 1-2 yrs earlier and sitting at huge paperloss? HOPE IT WILL REBOUND? Really??

We know we should put a cutloss level ... or we know we should check the fundamental-health of companies before we bought them ... WE KNOW?

10.40 am : LayHong : sold 67 and 67.5cents, instead for a box of mooncake tonight.

Today ... I will have 3 classes, a long day indeed. So, I cant watch after 11am ...

MI showing harami ... took a short trade in morning. sold RM3.20 too early, hit RM3.25. cutloss RM3.07 now. prefer it to drop to RM2.95 level. Wait. I have taken MI when it breakout RM2.80 level back then ... so, MI is a good trading stock in my list. Swing like crazy ... many retailers inside.

Saturday, September 22, 2018

As DOW doing a catching-up of S&P and Nasdaq, it is going higher into ... 27,000 coming. We shall update when DOW at 30,000 ... perhaps KLCI would be at 2000 level? haha.

There are some 'light' in many stocks as they rebounded yesterday after a week of slump.

Last week went up Genting ... it was packed. I went up to watch Wu-bai's concert ... and this weekend (tonight) Eric Moo (my fav male singer) going to have a concert at Arena Star Genting too. Too bad ... I have so many classes today and tmr that I could not postponed or cancelled, students will be sitting for their exams next-next week.

Nice song ... by Eric Moo. I will have good sound-system in my trading room and will listen to his songs ... nice.

Ok ... talk a little on the stocks I recently sold(cut-loss).

GCB (PE7.29/NTA1.18) : I sold when it broken RM2.18 ... dived to RM2.02 and so violent in a week to hit back resistance RM2.18 yesterday.

LayHong : eggs prices up ... so QL up, so LayHong also rebound. Bottom was at 52cents, now going to 70cents. Buy-average it all the way down ... now up up, nice? Yeah right ... do u know the bottom? We do not ... so, back to my basic questions.

HOW not to get STUCK in any stocks??

HOW ... think of HOW you do not get stuck in any stocks? Not buying ...so you wont get stuck, right? Clever move but you wont get the experiences need to buy during crisis, right?

Ok ok ... you know how to cut-loss ... yeah right!! You got tell truth or not? If not, how to face reality in markets?

perhaps ... listening to these songs by Eric Moo is nicer.

as I m moving to Penang end of the year, I will be changing of my current facebook too, taking it private. And will only add those who knows me in person or those few 'special' cases of fb-fren.

As for this blog, I have failed to take it private when I tried to create tratles.net ... a site some 4yrs ago. I failed as I much more comfortable to stay here!! After blogging for 10yrs here now, it would be difficult to move away ... but I have an idea to move away from i3-noises, by blogging HALF WAY and let those REAL followers or readers to click on my blog

note : it will not be refreshed in i3 ALL my updates or continuation of my writings, editing etc etc later. You would only read whatever up till HERE if you are reading from i3. Also, as I do not go to i3-forums, I m not aware of any comments. And yes, I don't care of noises. haha.

Friday, September 21, 2018

As Derick (of timing and you) said, we will be seeing DOW at 30,000. He is one of those few out there stating a bold statement. Yup, I m a believer in cycle-analysis as that is how things work ... in waves and boom-bust-boom ... either we go US-markets to ride on the uptrend-bubble-in-making or wait for KLSE to be in bull-market again ... KLCI needs to break above 1900.

XiaoMi : Trading below IPO ... should we buy?

While US markets moving into new highs, CHINA (and H-shares) markets moving lower ... and becoming 'cheaper'. Should we be riding on the bubble-up in US or collect some good valuation companies traded in HKSE?

I always put this quote : "It is not what we know ... it is what we do." haha.

I will be trying to update the above AVOID-the-TRASH list to 200counters by this week ... as I want to go back to my penny-list compilation.

10.05 am : KLCI at 1802 , up 10points

I m currently thinking of teaching my boy (form 1 next year) about investing in STOCK MARKET. A basic approach for him to understand how markets work and how we could invest in some good companies during crisis and earn more money!! It is money makes money concepts, but first of all ... we can teach them indirectly about biz ... and how transactions work, cycles ... and boom-bust of biz, trends ... all these could be 'shared' and they would grasp the foundations.

Penang : I m going to start in Jan/Feb ... so, taking in first 5 students(including my boy) would be great. Minimal charges for materials which I m going to prepare. Interested? Let me plan first ...

KSeng : broken support and at RM4 ... I didn't check for long time. With 10cents dividend, that is 2.5% DY at current price.

With such high PER, we put in our shopping list. Wait for PER below 10, and yes, it will. By then ... KSeng would be in penny ... don't know anyone will INVEST in her?

Downtrending sector : Plantations and Properties not doing well at current period.

That is what we could do ... teach our kids such simple concept of market-cycles. then, we show them PER high is to AVOID.

These are common sense ... which easier to teach kids, as they are not approached by GREED or stupidity (yet) ... which plagued majority of adults in KLSE.

Kids easier to absorb too ... without much ego to feed (unlike teaching those adults). Just tell them ... this year is 2018, high risk environment, ya ... say, YA. they will be glad to yell enthusiastically ... YA!! YA!!

Then ... we just show them KSeng chart ....kids, tell me if it uptrend or downtrend? They could easily tell you it is downtrending.

Good ... you all kids are brilliant. Better than 80% of retailers in stock-markets!!

Photo : Taken from KSeng's 2017 AR.

KSeng is trading at PER 68, kids ... is it cheap or expensive?

Kids : OVER-VALUED!!

Good ... so, should we be buying into KSeng and hold ... to invest?

Kids : NO!!!

great ... you all kids got common-sense and really great to teach u all. All of you, if trained well ... would do very well in INVESTMENT in stock-markets, one day. Remember ... to invest, we need knowledge and .... lots of patience to wait for opportunities.

We do not waste our time chatting-arguing in forums, remember ... we do not do what most people do. We are intelligent-investors.

So ... when do we buy into KSeng?

Common-sense is easier to be taught in kids ... majority adults too complex and complicated. They really taught they need those complicated softwares to invest/trade.

time for lunch ... and then nap. see if I m in mood ... to have e-meeting to talk about COMMON SENSE.

MKH : at critical support RM1.30, cut-loss RM1.27 if you are buying at current 1.30 ... but if you bought at RM1.50 ... err ... RM2 or above, I don't know why you bought at that level and HOLDING to it.

Friday, September 14, 2018

1.40pm : As KLCI up yesterday ... I started to take positions again, sitting sideway ... waiting for rebound

KLCI closed up 11 points, at 1803 for lunch

Jaks : Started to take Jaks at 81 cents ... sold 84cents but it closed at 86cents yesterday. Today, took at 88 and just sold off 91.5cents, hitting 92.5cents at the moment. No intention to buy-hold in sharp rebound ... resistance at 94 to SELL.

This is the only stocks done (bought and sold) ... others in q to SELL. I still have 5-6 open-trades in position ... as I started to buy yesterday and this morning. Will clear off most by 5pm ... as Monday is off day. Update that tonight.

HSI : up almost 600points yesterday, at the moment up another 300 points. HSI hit new 52-w low just two days ago, rebound with the news US-China might want to talk ...? Talk?? Really ??

MI : breakout new high zzz ... I sold her off last week. At 2.90 level now.

Many have pullback nicely last week and Wednesday one-day selldown created many long black candle to buy. We do not buy on Wednesday ...we are supposed to be in CASH position before long weekend ... and only buying into stocks yesterday.

ok ... time for classes and rest. Dinner with some friends tonight.

5.30 pm : KLCI closed at 1803 level. Bullish

Take profit : selling day and get off for long weekend. Still holding 3 stocks.